Universal Display (OLED)
Debt-to-assets ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 54 | 54 | 54 | 54 | 54 | 1,222 | 1,150 | 1,089 | 1,023 | — | — | — | 192 | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 1,668,960 | 1,622,920 | 1,540,860 | 1,535,710 | 1,532,820 | 1,530,320 | 1,499,440 | 1,487,230 | 1,466,920 | 1,428,590 | 1,350,720 | 1,310,500 | 1,269,230 | 1,224,960 | 1,161,060 | 1,136,380 | 1,120,160 | 1,062,550 | 1,011,080 | 968,190 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $54K ÷ $1,668,960K
= 0.00
The debt-to-assets ratio of Universal Display Corp. has consistently been 0.00 across all quarters provided for the years 2022 and 2023. This indicates that the company has not relied on debt financing to fund its operations and investments during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are fully financed by its equity, implying a low financial risk and a strong financial position. It also indicates that the company may have sufficient liquidity or cash flow to support its operations without the need for external borrowing.
Peer comparison
Dec 31, 2023
Company name
Symbol
Debt-to-assets ratio
Universal Display
OLED
0.00
Hubbell Inc
HUBB
0.29
Mercury Systems Inc
MRCY
0.25
Vishay Intertechnology Inc
VSH
0.19